As the demand for office real estate falls globally, converting offices into luxury residential apartments could be an attractive solution for investors. Many companies are reducing the office space they are using to cut overhead costs. Meanwhile, demand for residential real estate has climbed in many markets, which is what makes converting offices to residential an attractive option for investors. To convert offices to residential space does, however, require specialized techniques and good design to make the new residential complexes successful.
Some commercial property investors are considering whether their building would be a good candidate for a mixed use development. A diversified property asset can better withstand falls if one sector is struggling.
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